Lodha Developers IPO

Realty firm Lodha Developers Ltd plans to launch 15 housing projects worth Rs 14,000 crore in the second half of the current fiscal to expand its business. Mumbai-based Lodha Developers is one of the leading real estate companies in the country. It sells properties under Lodha brand. According to its latest investors' presentation, Lodha Developers plans to launch 10 million sq ft area for sales across 15 projects during the second half of the 2025-26 fiscal. These projects are located in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru. During the first quarter of this fiscal, Lodha Developers had launched projects worth Rs 8,300 crore, while it launched projects valuing Rs 4,900 crore in the second quarter of the 2025-26. "Significant launches planned in H2 across cities, on track to meet our FY26 pre-sales guidance of Rs 21,000 crore," the presentation said. Lodha Developers' pre-sales or sales bookings rose 7 per cent to Rs 4,570 crore in the second quarter of this fi

The company's total expenses during the quarter under review also increased by 20.01 per cent to Rs 2,721 crore

Most of the bids so far have come from qualified institutional buyers (QIB)

The company allotted 15.2 million shares to 14 investors at Rs 486 apiece

Mumbai-based Lodha Developers Ltd, which has been renamed Macrotech Developers, filed the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (Sebi) last month

However, it managed to bring down its debt by 25% to Rs 18,662 crore. Issue proceeds of Rs 2,500 cr IPO will be used mainly to prune debt by another Rs 1,500 crore

The Hinduja family paid a premium to boost its stake in IndusInd Bank. More on that story and other headlines.

The group's Macrotech Developers plans to use Rs 1,500 crore from net proceeds to repay part of Rs 18,662 cr debt and Rs 375 crore to buy land

The firm has revived its IPO plan for the third time

The company is looking to use Rs 33 billion from the IPO for repaying its debt